Perth

1226sqm Burswood site offers business base or mixed use redevelopment potential

2014-04-29T05:00:00Z

Occupy, invest or develop on the doorstep of Perth’s CBD

​PERTH, 29 April 2014 – A superb opportunity to occupy, invest or redevelop in Burswood: a growing mixed use area close to the CBD, has been brought to market exclusively by JLL.

The property, which comprises a two-storey office building at 123 Burswood Road, is less than 5km east of the Perth CBD, overlooking G.O. Edwards Park, and within walking distance of the Crown Entertainment Complex and future Perth stadium - WA’s most anticipated entertainment precinct.

According to JLL Executive, Sales and Investment WA, Matthew Monaco, the property provides a high degree of flexibility rarely seen in offerings in such close proximity to the CBD.

“The 1226sqm site features significant improvements and a flexible zoning in a high amenity emerging location.”

The building is tenanted to November this year and offers 1000sqm of partitioned and open plan office accommodation with parking for about 30 vehicles. It currently generates a holding income of approximately $150,000pa.

“Additionally, the site is zoned ‘office/residential’ with a maximum height limit of six storeys and has the potential for density bonuses of up to R240 for mixed-use development.

“With a building area of approximately 1000sqm, the property has outstanding potential for an owner-occupier to use as a blank canvas to create their own unique space in a location fast becoming a vibrant, activated hub on the edge of Perth city,” said Mr Monaco.